Rare World Coins

  1. Rare Coins vs. Bullion — Which Is Right for You?

    Rare Coins vs. Bullion — Which Is Right for You?

    When it comes to investing in precious metals, there are two main types of assets: rare coins (sometimes called “investment-grade coins”) and bullion. While both types are capable of helping you achieve your short-term and long-term investment goals, there are some key differences between the two that you should be aware of.

    In today’s blog, the team at Austin Rare Coins & Bullion is here to help you understand the pros and cons of both rare coins and bullion, so you can feel more confident about choosing the one that’s right for you. Whether you’re looking to secure your financial future through commodities or you’re looking to expand your collection of valuable metals, Austin Rare Coins & Bullion is your trusted source!

     

     

    What Is Bullion?

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  2. Failed Mint at Cuzco

    Failed Mint at Cuzco

    Gold Cob collectors didn't learn the true story of the failed gold mint at Cuzco (1698-99) until 1964. For years, the truth was hidden in the Mint archives of Spain and Peru.

     

    Prior to 1964 only one 1698 C M Peru 2 Escudos was known to exist. Hence, the 2 Escudo was under extreme scrutiny and reputed as being a fake. Consequently, after the recovery of the 1715 Fleet, everything changed. Most importantly, a small quantity of 1698 C M Peru 2 Escudos were discovered. This totally vindicated the one 1698 coin previously found. In conclusion, it was indeed very real and not a fake. In fact, it was a one year type only struck in Cuzco, Peru. 

     

    The truth revealed that the Cuzco

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  3. Last Province of Canada

    Last Province of Canada

    Many people today are not aware that Newfoundland was independent and its own Dominion. Today, Newfoundland is the last province of Canada. This means it was the 10th and last province added. However, it was formerly known as the Newfoundland Colony. It wasn't until after World War II that it became a province of Canada. In fact, on March 31, 1949, it was easternmost, the tenth, and last province to be added to Canada.

     

    Before it became a Canadian province, Newfoundland was called the "Dominion of Newfoundland." Back in 1907 Newfoundland along with its neighbor Labrador enjoyed the constitutional status like other dominions of the time. This was confirmed by the Balfour Declaration of 1926 along with the Statute of Westminster of 1931.

     

    Newfoundland's independence only survived for 79 years. This was because of severe economic hardship

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  4. What is a Spanish Escudo coin?

    What is a Spanish Escudo coin?

    A common question we get is "What is a Spanish Escudo coin?" The Escudo was and is Spanish currency. Escudos comes in both gold and silver. Interestingly, the first Escudo gold coins were introduced in 1535/1537. They were issued in denominations of 12, 1, 2, 4 and 8 Escudos. In addition, the 2 Escudos coins were commonly known as Doubloons and worth 16 reales.

     

    Gold Escudos were issued until 1833. They are beautiful coins with great attention to detail. As a result, these gold coins from Spain in the 1790’s have remarkable eye appeal. Today's coin collectors and investors lov

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  5. Countermarked Silver Cobb 8 Reales

    Countermarked Silver Cobb 8 Reales

    We are absolutely thrilled to share a very rare Countermarked Silver Cobb 8 Reales coin with you today. In fact, up to this point in time very few people knew coins like this even existed. This coin isn't even known to many historians or the rare coin industry alike. It is quite literally the oldest known official United States Silver Dollar. In particular, it is the only one in private hands with the countermark of PS. 

     

    It’s an absolute wonderful find and a priceless piece of American History. Surprisingly, not many people knew how business was done before the US Mint opened. From the 1600's up to 1792 Spanish colonial silver Reales and gold Escudos were the primary currency used in the colonies. Of course, this changed once the US started minting their own coins.

     

    US regulators confiscate countermark Spanish coins

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  6. Mexico declared Independence from Spain

    Mexico declared Independence from Spain

    Mexico first declared Independence from Spain in 1810. To clarify, this happened on September 16th, 1810. Before then this area was more commonly referred to as New Spain. The declaration of Independence led to a 11 year war against Spain. Unfortunately, it wasn't until August 24, 1821 that Spain finally recognized Mexico's Independence.

     

    This was the dawn of the once New Spain turning into the new Mexican Empire. Gone were the days of the Spanish Catholic monarchy. A new federal republic was finally declare and by 1924 they codified Mexico's new Constitution. It is important to note, there were some reattempts by Spain to re-concur New Spain. However, by 1836 Isabella II and Spain finally fully recognized Mexico's independence.

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  7. What an Austrian Ducat is worth

    What an Austrian Ducat is worth

    Many collectors wonder what an Austrian Ducat is worth. It is important to first understand what an Austrian Ducat coin actually is. The Ducat became a popular world traded coin. It was first introduced in the late 13th Century. However, it was the Venetians who introduced the coin.

     

    Austrian Gold Ducats are large gold coins valued by investors for several reasons. First of all for their 98.60% fineness weighing 3.44 grams. Secondly, these circulated coins were the highest purity gold coins to be issued prior to the late 20th Century. Therefore, during the 1400s international traders in Western Europe changed from using florins to ducats as the preferred currency.

     

    It is important to note, Ducats come it different sizes in different countries in Western Europe. Today

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  8. Very First Spanish Silver 8 Reales

    Very First Spanish Silver 8 Reales

    To fully understand how the very first Spanish Silver 8 Reales was created you have to understand a little Spanish history. From 1475 to 1500 Spain was in a time of transition. It was the beginning of one of the largest empires in history known as the Spanish Empire or Hispanic Monarchy. In addition, it was the formation of the dynastic union between Isabella I of Castile and Ferdinand II of Aragon. Basically, the king and queen of the Crown of Castile and the Crown of Aragon forming a joint reign. The young couple got married on October 19, 1469. She was 18 years old and he was only seventeen.

    Both signed a document in 1475 called the Concord of Segovia. In short, this is where the real transitioning of power began. In other words, both of them would have the same power in managing their

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  9. Gold Cobs are The Original Doubloons

    Gold Cobs are The Original Doubloons

    Spanish Colonial gold coins salvaged from the 1715 Fleet off the east coast of Florida are called Gold Cobs. Gold Cobs are the original Doubloons. Therefore, the Doubloon is a solid gold coin. Even though the Spanish called their gold coins Escudos, Doubloon became the nickname for a two Escudo coin. In addition, the word Doubloon is actually taken from pirates calling these two Escudos "double-one," which turned into “Doubloon.”

     

    As commerce increased between North America and South America so did the need for coins. Spanish Gold Cobs were minted from the early 1600s to the early 1800s. They were minted in Bolivia, Chile, Columbia, Guatemala, Mexico, and Peru and were circulated as far

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  10. Coin Collecting Can Be Profitable

    Coin Collecting Can Be Profitable

    Coin collecting is not only a rewarding and enjoyable hobby, but if done properly, coin collecting can also be profitable. In this report and the video below, we will share some of the most important things to keep in mind when coin collecting. This is in order to maximize the rewards of assembling a profitable collection, regardless of your budget.

     

    • The first thing is to make sure that you’re collecting an area with a solid base of other collectors. You can have the rarest coin in the world, but if nobody else wants it, then it's unlikely to see much appreciation.
    • Make sure you own coins that are attractive. To clarify, a great looking coins will always catch the eye of a potential buyer.
    • Make sure you acquire and own coins t
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